Analyze whether the under given expenditure qualifies for CSR expenses: Payment of salary/wages to employees/workers, including contract labour, during the lockdown period.
CS Professional · CSR and Social Governance · PYQS · June 2024
Analyze whether the under given expenditure qualifies for CSR expenses: Payment of salary/wages to employees/workers, including contract labour, during the lockdown period.
Answer & Explanation:
Payment of wages to temporary or casual or daily wage workers during the lockdown period is part of the moral/humanitarian/contractual obligations of the company and is applicable to all companies irrespective of whether they have any legal obligation for CSR contribution under section 135 of the Companies Act 2013. Hence, payment of wages to temporary or casual or daily wage workers during the lockdown period shall not count towards CSR expenditure.
Topics: Corporate Social Responsibility (CSR)
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